MIRA
INFORM REPORT
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Report Date : |
31.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
ASIA DIAM (HK) LTD. |
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Registered Office : |
Rm 1702, 17/F, Far East Consortium Building, 121 Des Voeux
Road, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
16-3-2006 |
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Com. Reg. No.: |
1030798 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
-- |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
ASIA DIAM (HK) LTD.
RM 1702, 17/F, FAR EAST CONSORTIUM BUILDING,
121 DES VOEUX ROAD, CENTRAL, HONG KONG. (AS GIVEN)
TEL : 852 28542906
FAX : NOT
REGISTERED
Narrative report
This refers to a type of report whose format is different from that of a
standard report. Such type of report is provided when:
l
Information obtained is insufficient for compiling a standard report.
l
The enquired co has been out of business or its business address has
been untraceable.
It should be noted that the time and manpower spent on preparing such
type of report might be greater than those on a standard report. On many
occasions, the information in this type of report still indicates the current
status of the enquired co. and serves as a useful reference to assess its
credit standing.
SC is a private limited co. incorporated under co. file no. 1030798 on
16-3-2006.
Details of its incorporation information are shown to be as follows:
Authorized capital: HK$100,000 divided into 100,000 shares @ HK$1.-
Paid-up capital: HK$100,000
Shareholders/subscribers (as at 13-9-2006)
Name(s), ID/passport number, nationality & registered address No. of Shares
- Janam Diamonds Pvt. Ltd. 99,999
/ 235, Panchratna, 2/F, M.P. Marg, Opera House,
Mumbai-400 004 Maharashtra, India.
- Hanbond Ltd. 1
/ The Office of Imperial Trust Ltd., P.O. Box 3387, ---------
Road Town, Tortola, BVI. 100,000
======
Directors(as at 16-3-2006)
Name(s), ID/passport number & nationality Registered address
- Shah Jigar Shailesh 8-A,
Abhilasha Bldg., 46, A.K. Marg
/ F7772034 / Indian Mumbai-400036
Maharashtra, India.
- Parikh Jay Mahendra 184,
Tahnee Heights Petit Hall Nepeansea
/ E5275202 / Indian Road,
Mumbai 400006 Maharashtra, India.
The above information is based on SC's registration documents filed in
Companies Registry within the last 2 years.
Partial change in SC's directorship is as follows:
Name(s) of resigned director(s) Resignation
date
Ponce Bayani Divino Bautista 16-8-2006
Name(s) of newly appointed director(s) Appointment
date
Nil Nil
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge filed by SC for the last 2 years. In Hong Kong,
creation of such mortgage/charges by an unlimited co is not required to be
registered in the public records.
Civil
litigation/winding-up petitions: None in our database.
Mortgage/charge
record(s): None filed since its incorporation date.
SC is a subsidiary of Janam Diamonds Pvt. Ltd. whose partial information
is as follows:
- Business line: As an offshore
holding co.
- Civil litigation & winding-up petition records: None in our database
SC's principals are residing overseas & information regarding their
background is not available.
A check of our database & enquiry with outside sources indicate no
information regarding the background of SC's principals. Besides, SC's principals could not be
contacted for enquiry during our course of report preparation.
Detailed information regarding its activities is not available.
SC is not known to have any subsidiary at present.
A visit to the premises at the heading business address by our field reporter
revealed the following:
The address is a commercial premises outside of which SC's name was seen
on display.
The gross area of the premises is estimated at 1,600 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
A male who identified himself as SC's staff member was contacted
there. He advised that only SC's
principal(s) could handle outside parties' business enquiries on SC. SC's principal(s) were not in office by that
time.
He also advised us to contact 852-28542906 for further enquiries.
He had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any reply.
Our current inquiry reveals that no such name as SC is registered as a
current user of local fixed line telephone companies.
Repeated calls made to 852-28542906 (revealed from site visit) were not
answered on all occasions during office hours.
Despite having exhausted all our effort, we are unable to obtain
sufficient information to assess SC's credit standing.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)